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Friday, February 2, 2018
This Weeks Articles:
CHANGE COULD WEAKEN FAIR LENDING OFFICE AT CONSUMER BUREAU
Mick Mulvaney, who was appointed by President Trump as the agency's interim director two months ago, is moving a powerful division of the bureau, the Office of Fair Lending and Equal Opportunity, under his own direct oversight and stripping the office of its enforcement authority.
read more

FEDERAL JUDGE IN CALIFORNIA RULES COLLECTOR RETAINING A PORTION OF TRANSACTION FEE IS VIOLATION OF STATE'S FDCPA
In April Lindblom v. Santander Consumer USA Inc., No. 15-cv-0990 (E.D. Cal. January 22, 2018), the United States District Court for the Eastern District of California held that the plaintiffs' voluntary payment of a transactional fee that was not expressly authorized in the contract between the parties or by California state law was concrete injury sufficient to confer Article III standing.
read more

NAFCU DEFENDS CUS, TAX EXEMPTION
NAFCU continues to defend credit unions and their federal tax exemption after Sen. Orrin Hatch, R-Utah, sent a letter to the NCUA questioning credit unions' field of membership rules and the industry's tax-exempt status.
read more

HOUSE APPROVES NEW PAYDAY LOAN WITH 200 PERCENT INTEREST RATE
The Indiana House approved legislation Wednesday to create a new type of payday loan – with interest rates of up to 200 percent – that opponents argue amounts to predatory lending.
read more

WEBINAR AVAILABLE: ARE YOUR CALLS TO CUSTOMERS GETTING THROUGH?
In November 2017, the FCC released a Report and Order with new rules that allow voice service providers to block calls that are likely to be fraudulent. These "fraudulent" calls include telephone numbers that are invalid, unallocated to any provider, or unassigned to any customer. With these new rules and considerations, are your calls to customers getting through?
read more

CMAX ANNOUNCES THE LAUNCH OF THEIR NEW WEBSITE
Libertyville, Ill. – CMAX Finance LLC, a Specialty Lending Finance Company, serving the funding needs of Small and Medium size debt buyers, is proud to announce the launch of their new website. The new website is designed to be a basecamp for its borrowers and future borrowers. CMAX's Chief Marketing Officer David Paris says, "the company's new website echoes our core values and commitment to providing our customers a transparent, professional and responsive lending experience." In addition to providing key information about CMAX, the website also provides the user with news, industry events, and resources for current and future borrowers. Please visit CMAX at www.cmaxllc.com.
read more

SUBPRIME AUTO LENDERS STRAINING UNDER BAD DEBTS
The U.S. subprime auto-lending market continues to show signs of weakness, leading to increased worries among economists that despite the positive-appearing figures being tossed off by the U.S. economy, blue collar America continues to struggle to pay its bills on time.
read more

FTC PROVIDES COMMENT TO FCC ENCOURAGING PROVIDERS OF CALL-BLOCKING SERVICES TO TAKE STEPS TO AVOID BLOCKING WANTED CALLS
In a comment provided to the Federal Communications Commission (FCC), staff of the Federal Trade Commission responded to the FCC's request for input on potential mechanisms to address erroneously blocked robocalls, without imposing undue harm on callers and consumers.
read more

DebtConnection.com is a searchable database of collection products and services.
The following Updates and New Entries occured since the last At A Glance was sent:
Portfolios For Sale
$63,387,420.00     Credit Cards
National Debt Holdings, LLC
http://www.debtconnection.com/portfolio.asp?8145  
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?6735  

$1,388,062.00     Payday Loans
National Debt Holdings, LLC
http://www.debtconnection.com/portfolio.asp?8144  
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?6735  

$781,000.00     Auto Deficiencies
National Debt Holdings, LLC
http://www.debtconnection.com/portfolio.asp?8141  
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?6735  

Attorney
LAWGIX LAWYERS, LLC
512-922-4212

Debt Buyers
MERIDIAN CREDIT GROUP LLC
716-867-6995

Industry Associations
NATIONAL CREDITORS BAR ASSOCIATION
Mark Dobosz
202-861-0706
More Information

Industry Events
Receivables Management Association International 21st Annual Conference
Receivables Management Association International (RMA)
Aria Resort & Casino
Las Vegas, NV
February 6 - 8, 2018
More Information


PrivacyCon 2018
Federal Trade Commission
CONSTITUTION CENTER
Washington, DC
February 28, 2018
More Information


Collection and Recovery Solutions 2018
Four Seasons Las Vegas
Las Vegas, NV
May 9 - 11, 2018
More Information

Debt Connection Symposium & Expo 2018
JW Marriott Austin
Austin, TX
September 5 - 7, 2018
More Information

Sponsors












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At A Glance - Friday, February 23, 2018
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At A Glance - Friday, February 09, 2018
At A Glance - Wednesday, February 07, 2018
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At A Glance - Wednesday, January 31, 2018
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At A Glance - Thursday, January 18, 2018
At A Glance - Wednesday, January 17, 2018
At A Glance - Friday, January 12, 2018
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At A Glance - Friday, January 05, 2018
At A Glance - Wednesday, January 03, 2018

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